Sunoco LP (SUN) Rating Lowered to Sell at BidaskClub

Sunoco LP (NYSE:SUN) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.

Several other equities research analysts have also weighed in on SUN. UBS AG reiterated a “neutral” rating and issued a $30.00 target price (up from $28.00) on shares of Sunoco in a report on Monday, August 14th. Mizuho lowered shares of Sunoco from a “neutral” rating to an “underperform” rating and set a $28.00 target price on the stock. in a report on Monday, July 10th. Vetr upgraded shares of Sunoco from a “hold” rating to a “buy” rating and set a $32.56 target price on the stock in a report on Thursday, June 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $32.00 target price on shares of Sunoco in a report on Tuesday, June 20th. Finally, Deutsche Bank AG upgraded shares of Sunoco from a “hold” rating to a “buy” rating and increased their target price for the stock from $31.00 to $36.00 in a report on Thursday, July 13th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Sunoco currently has a consensus rating of “Hold” and a consensus price target of $30.97.

Shares of Sunoco (NYSE SUN) opened at 30.44 on Friday. The firm’s market capitalization is $3.03 billion. The firm’s 50-day moving average is $31.02 and its 200 day moving average is $29.00. Sunoco has a 52 week low of $21.01 and a 52 week high of $32.67.

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Large investors have recently modified their holdings of the company. Private Advisor Group LLC raised its stake in shares of Sunoco by 20.5% in the first quarter. Private Advisor Group LLC now owns 17,509 shares of the oil and gas company’s stock worth $418,000 after buying an additional 2,975 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Sunoco by 3.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 108,198 shares of the oil and gas company’s stock worth $2,615,000 after buying an additional 3,157 shares during the last quarter. Groesbeck Investment Management Corp NJ raised its stake in shares of Sunoco by 22.4% in the first quarter. Groesbeck Investment Management Corp NJ now owns 15,211 shares of the oil and gas company’s stock worth $367,000 after buying an additional 2,788 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Sunoco by 34.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 173,936 shares of the oil and gas company’s stock worth $4,204,000 after buying an additional 45,039 shares during the last quarter. Finally, Wade G W & Inc. bought a new stake in shares of Sunoco during the first quarter worth approximately $302,000. Institutional investors and hedge funds own 27.43% of the company’s stock.

Sunoco Company Profile

Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail.

Analyst Recommendations for Sunoco (NYSE:SUN)

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